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Nairaland Forum / Nairaland / General / Business / Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote (32856 Views)
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Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by keymatt(m): 7:52pm On May 01 |
They'll soon call Dangote IPOB. 6 Likes
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Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by femi4: 7:58pm On May 01 |
immortalcrown:You dey mind him Hypocrite, always in the camp of government of the day as long as his business is protected |
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by Kingspin(m): 7:59pm On May 01 |
Everyone will try to agree with him. But if Obi others says the same thing. Common sense will leave people's head. Yeye country 12 Likes |
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by Johnpat198: 8:02pm On May 01 |
Nemesis will still catch this man |
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by MsAllison(f): 8:03pm On May 01 |
Validated:Rhino ofockery the god of helinues 9 Likes |
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by MT: 8:03pm On May 01 |
iwaeda: Since you know what you are doing, lay bare your ideas if you were the president and let us critique the wisdom or folly in your thought. |
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by FreeStuffsNG: 8:03pm On May 01 |
treesun:Others were not getting the dollars at N460 like you sir They have been in a mess for so longer than since last year. |
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by tuoyoojo(m): 8:04pm On May 01 |
Apc for u 2 Likes |
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by Dennisochampa: 8:04pm On May 01 |
What about the loan emefiele gave him at a very useless rate?? Was that not a mess to Nigeria as a country?? |
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by strangest(m): 8:04pm On May 01 |
PressMyButton: Continue dreaming.... With crude oil he bought from America with FX.... Una go get brain soon 12 Likes 1 Share |
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by patwilly(m): 8:05pm On May 01 |
immortalcrown:According to experts there was no devaluation |
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by Believeintruth: 8:05pm On May 01 |
PressMyButton: Who is we? You no follow oooo 10 Likes |
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by iwaeda: 8:06pm On May 01 |
MT:Your god built Lagos, so let him continue his good work. 11 Likes 1 Share |
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by Believeintruth: 8:06pm On May 01 |
Godfullsam: Don't be deceived, the government is still paying subsidy. 2 Likes |
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by RillyBA: 8:06pm On May 01 |
Mad man as if him no be the top problem of the matter |
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by Elzazzi: 8:07pm On May 01 |
This one dangote is coming out to grumble like this. Its like he is not in Tinubu good books |
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by YouAreNobody: 8:08pm On May 01 |
Kingspin: E dey shock me 3 Likes |
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by SoNature(m): 8:08pm On May 01 |
Only two categories of Nigeria cannot complain in this bad economy! Those who steal the country's money and those who defend the clueless ruling party. 7 Likes 1 Share |
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by onuman: 8:09pm On May 01 |
David160: If you have slaves as citizens of your country, you have no country. Educated illiterates springing up their likes. 1 Like 1 Share |
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by PHIPEX(m): 8:09pm On May 01 |
Dangote is the new IPOB 3 Likes |
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by safetyboot: 8:10pm On May 01 |
No more round tripping for you |
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by 1972xy: 8:11pm On May 01 |
Hmm, since it is no longer as business as usual. There is no more allocation of dollar again to do business. ..no free crude oil... Hence, Tinubu government na bachau. We are watching. |
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by patwilly(m): 8:12pm On May 01 |
Godfullsam:Floating the naira was an unwise decision by Tinubu..an unfortunate policy not well thought out. An impromptu, on the spot decision. 5 Likes |
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by onuman: 8:12pm On May 01 |
Another hero asslicker will defend the sufferings of Nigerians. LegendHero. 3 Likes |
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by YourMrBoo: 8:13pm On May 01 |
PressMyButton: You can't be engulfing a whole 20% stake and still wants to be spoon fed... Nigga that's a foolish one if you think you will benefit from the stake as a common man. 5 Likes |
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by IbrahimSkiba(f): 8:13pm On May 01 |
Racoon: Omo |
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by Fr33born(m): 8:13pm On May 01 |
Reno Omokri right Now. He will block his ears and keep waiting for Peter Obi's next post or interview to counter. 10 Likes
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Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by RillyBA: 8:13pm On May 01 |
Is it that we Nigerians are intentionally doing this? Subsidy is just for 6 month in 2023. Buhari has already removed it. So which one is tinubu tinubu. Let stop this hypocrisy and be real 1 Like |
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by Earthstorms(m): 8:14pm On May 01 |
MEEVEET: You guys amaze me. You are asking what Tinubu achieved with the naira devaluation. Don't you really know that the FG is making massive gains by the naira devaluation? Let me explain. 1st once there is loser in any policy, know that there is a winner. The devaluation negatively affected those who earn in naira and have expenses in foreign currency. The food industries like Dangote sugar that import sugar from foreign countries in dollars and sell locally in Naira are at the receiving end of the naira devaluation. Those who earn in foreign currency and spend in naira gained greatly from the naira devaluation. That is where the gains of the FG comes in. They sell crude oil in dollars and pay workers salaries and contracts execution in naira. When dollar was 460 naira to a dollar, export of 1 million dollar worth of crude oil will give the FG 460 million naira when the dollars is sold to Nigerians. That same 1 million dollars worth of crude oil will give the FG 1.4 billion naira after the naira has been devalued to 1400 naira to 1 dollar. So the FG is getting almost 3 times the naira it used to get from the same volume of crude oil after the naira devaluation. So the FG is gaining massively from the naira devaluation while those who use imported goods and services are losing money because of the naira devaluation. 4 Likes 1 Share |
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by Zetty177x: 8:14pm On May 01 |
David160: Slaves wen hunger don kpeme? Never again they will give power to that tribe . 4 Likes |
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by Duru009(m): 8:14pm On May 01 |
I thought he is OBEDIENT.. CBN governor is the most confused man, always talking from two sides.... 3 Likes |
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by Monday60655(m): 8:14pm On May 01 |
They will soon attack him and call him Obidient or IPOB. 6 Likes |
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